CareEdge reaffirms SAIL credit ratings, boosts bank facilities

CareEdge has reaffirmed SAIL's long-term bank facilities at CARE AA; Stable (Double A; Outlook: Stable). The amount for these facilities has been enhanced to Rs. 14,850.00 crore, up from Rs. 14,100.00 crore previously.

Short-term bank facilities have been reaffirmed at CARE A1+ (A One Plus), with the amount increased to Rs. 48,250.00 crore from Rs. 39,000.00 crore. Bonds have also been reaffirmed at CARE AA; Stable (Double A; Outlook: Stable), though the amount has been reduced to Rs. 14.00 crore from Rs. 28.00 crore. Commercial Paper facilities maintain a rating of CARE A1+ (A One Plus) for an amount of Rs. 8,000.00 crore.

These reaffirmations come under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and were made pursuant to Regulation 84(2) of the same regulations.